{ "as_of": "2026-11-06", "cmr": "ca-cm-kg/TSX/SHOP", "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.", "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Shopify Inc. (TSX: SHOP) — research page\n\nAs of 2026-11-06 · ca-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Shopify Inc., listed on the TSX under ticker SHOP, with ISIN CA82509L1076 and LEI 549300HGQ43STJLLP808. Its security type is Corporate, its sector is Technology, and its jurisdiction is Canada (federal, CBCA). Segment is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 11 filings across 10 filing days in the twelve months to 2026-11-06. Of these, 1 is a financial statement and 10 are newswire releases. The median gap between filing days is 8 days. The latest filing is dated 2026-11-04, a newswire release, 2 days before the record date. On the TSX, the median cadence gap is 16 days, the median filings figure is 0.0, and the median latency is 3.0 days across 2270 issuers. In the Technology sector, the median cadence gap is 16.5 days, the median filings figure is 9, and the median latency is 10.5 days across 297 issuers.\n\n## Auditor\n\nThe auditor of record is PricewaterhouseCoopers LLP. The auditor's location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds no listing, delisting, name change, domicile change or segment move lines. The issuer is listed, not halted.\n\n## Orderability\n\nFor paragraph (o) of the definition, the signal is ACM-200 and the outcome is determinable. For paragraph (q) of the definition, the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/ca/kyp-know-your-product-ni-31-103/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe field has not been read.\n\n## Open research\n\nThe field has not been read.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. The years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but not served as of a date, and the as-of answer is not_sealed. The live record began on 2026-09-10.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.tsx.com/json/company-directory/search/tsx/^* (identity.exchange)\n- https://ng.investing.com/equities/shopify-inc (identity.isin)\n- https://api.gleif.org/api/v1/lei-records/549300HGQ43STJLLP808 (identity.jurisdiction)\n- https://www.tsx.com/en/resource/571 (identity.sector)\n- https://mcp.ca-cm-kg.ai/events/TSX/SHOP (the disclosure lines)\n- https://iiroc.mediaroom.com/index.php?s=2429&l=100 (the halt flag)\n- https://s27.q4cdn.com/572064924/files/doc_financials/2018/q4/bc6201b1-86cf-44d3-885b-d1f06ca597ce.pdf (the auditor)\n- https://mcp.ca-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.ca-cm-kg.ai/record/TSX/SHOP (the record)\n", "market": "CA", "node": "ca-cm-kg", "numbers": { "as_of_depth": { "issuer_years_sealed": [], "live_record_began": "2026-09-10", "node_history_from": null, "node_years_sealed": [], "note": "6 years are sealed in the CA store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06", "record_version": 1, "sealed": false, "store_years_sealed_not_served": [ "2021", "2022", "2023", "2024", "2025", "2026" ] }, "auditor": { "auditor": { "read_by": "Tavily regex", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://s27.q4cdn.com/572064924/files/doc_financials/2018/q4/bc6201b1-86cf-44d3-885b-d1f06ca597ce.pdf", "state": "sourced", "value": "PricewaterhouseCoopers LLP" }, "auditor_firm_id": { "market": "CA", "state": "not_on_record" }, "auditor_location": { "market": "CA", "state": "not_on_record" }, "changes": [] }, "cmr": "ca-cm-kg/TSX/SHOP", "coverage": { "note": "the coverage field has not been read for this issuer", "state": "not_read" }, "disclosure": { "against": { "exchange": { "issuers": 2270, "median_cadence_gap_days": 16, "median_filings": 0, "median_latency_days": 3, "name": "TSX" }, "sector": { "issuers": 297, "median_cadence_gap_days": 16.5, "median_filings": 9, "median_latency_days": 10.5, "name": "Technology" } }, "by_type": { "financial_statement": 1, "newswire_release": 10 }, "cadence_median_gap_days": 8, "filing_days": 10, "filings": 11, "latency_days": 2, "latest": [ { "category": null, "date": "2026-11-04", "source": "https://www.businesswire.com/news/home/20261104087401/en/Theorem-Invites-Shopify-Brands-to-Join-Founding-Partner-Program-for-Upward", "title": "Theorem Invites Shopify Brands to Join Founding Partner ...", "type": "newswire_release" }, { "category": null, "date": "2026-11-03", "source": "https://www.globenewswire.com/news-release/2026/11/03/3394077/0/en/shopify-sustains-rapid-growth-with-revenue-up-32-and-free-cash-flow-margin-of-22.html", "title": "Shopify Sustains Rapid Growth with Revenue Up 32% and Free", "type": "newswire_release" }, { "category": null, "date": "2026-10-26", "source": "https://www.globenewswire.com/news-release/2026/10/26/3388625/0/en/executives-from-shopify-jll-and-groupe-dynamite-join-warematch-s-advisory-board.html", "title": "Executives from Shopify, JLL and Groupe Dynamite Join WareMatch’s Advisory Board", "type": "newswire_release" }, { "category": null, "date": "2026-10-22", "source": "https://www.prnewswire.com/news-releases/poq-is-now-a-shopify-certified-technology-partner-302915873.html", "title": "Poq is now a Shopify Certified Technology Partner", "type": "newswire_release" }, { "category": null, "date": "2026-10-22", "source": "https://www.prnewswire.com/apac/news-releases/poq-is-now-a-shopify-certified-technology-partner-302915888.html", "title": "Poq is now a Shopify Certified Technology Partner", "type": "newswire_release" } ], "latest_filing_date": "2026-11-04", "read": "the node's event lines (list_events_since), as get_filings serves them", "source": "https://mcp.ca-cm-kg.ai/events/TSX/SHOP", "window": { "from": "2025-11-06", "to": "2026-11-06" } }, "identity": { "exchange": { "read_by": "tsx.com company directory (exchange list)", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://www.tsx.com/json/company-directory/search/tsx/^*", "state": "sourced", "value": "TSX" }, "isin": { "read_by": "Tavily search + regex extraction from page text", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://ng.investing.com/equities/shopify-inc", "state": "sourced", "value": "CA82509L1076" }, "jurisdiction": { "read_by": "GLEIF LEI record (LEI per the LEI column) · adjudicated by Claude", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://api.gleif.org/api/v1/lei-records/549300HGQ43STJLLP808", "state": "filled", "value": "Canada (federal, CBCA)" }, "lei": { "read_by": "GLEIF name-exact", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://api.gleif.org/api/v1/lei-records/549300HGQ43STJLLP808", "state": "filled", "value": "549300HGQ43STJLLP808" }, "name": { "read_by": "tsx.com company directory (exchange list)", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://www.tsx.com/json/company-directory/search/tsx/^*", "state": "sourced", "value": "Shopify Inc." }, "sector": { "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)", "state": "sourced", "value": "Technology" }, "security_type": { "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)", "state": "sourced", "value": "Corporate" }, "segment": { "market": "CA", "state": "not_on_record" }, "ticker": { "read_by": "tsx.com company directory (exchange list)", "read_date": "2026-11-06", "read_date_basis": "the record version as_of", "source": "https://www.tsx.com/json/company-directory/search/tsx/^*", "state": "sourced", "value": "SHOP" }, "website": { "market": "CA", "state": "not_on_record" } }, "licensed": { "columns": [ "licensor", "entitlement", "title", "date", "source" ], "rows": [], "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded." }, "lifecycle": { "delisting": [], "domicile_change": [], "listing": [], "name_change": [], "segment_move": [] }, "market": "CA", "node": "ca-cm-kg", "numbers_hash": "sha256:251a0ff9a73cfc4551cfab53b1f1e718a7d5cd1e1606925dd25296905dd2f4de", "open_research": { "rows": [], "state": "not_read" }, "orderability": { "chapter_as_of": "2026-11-04", "client_categories": [ "Paragraph (o) of the definition", "Paragraph (q) of the definition" ], "outcomes": { "Paragraph (o) of the definition": { "determinable": true, "signal": "ACM-200" }, "Paragraph (q) of the definition": { "determinable": true, "signal": "ACM-200" } }, "read": { "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group", "chapter": "https://mcp.ca-cm-kg.ai/book/aio.json", "door": "https://mcp.ca-cm-kg.ai/mcp", "tool": "get_orderability" }, "rule_version": "acm-68000/ca/kyp-know-your-product-ni-31-103/r1", "section": "ca.aio.v11" }, "record": { "as_of": "2026-11-06", "url": "https://mcp.ca-cm-kg.ai/record/TSX/SHOP", "version": 1 }, "schema": "research-numbers v0.1 (USR-01, 2026-11-11)", "status": { "read_date": "2026-11-08", "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100", "value": "listed, not halted" } }, "numbers_hash": "sha256:251a0ff9a73cfc4551cfab53b1f1e718a7d5cd1e1606925dd25296905dd2f4de", "path": "/ca/TSX/SHOP", "schema": "research-page v0.1 (USR-02, 2026-11-11)", "sections": [ { "id": "identity", "text": "The issuer is Shopify Inc., listed on the TSX under ticker SHOP, with ISIN CA82509L1076 and LEI 549300HGQ43STJLLP808. Its security type is Corporate, its sector is Technology, and its jurisdiction is Canada (federal, CBCA). Segment is not on the record. Its listing status is listed, not halted.", "title": "Identity and listing" }, { "id": "disclosure", "text": "The record holds 11 filings across 10 filing days in the twelve months to 2026-11-06. Of these, 1 is a financial statement and 10 are newswire releases. The median gap between filing days is 8 days. The latest filing is dated 2026-11-04, a newswire release, 2 days before the record date. On the TSX, the median cadence gap is 16 days, the median filings figure is 0.0, and the median latency is 3.0 days across 2270 issuers. In the Technology sector, the median cadence gap is 16.5 days, the median filings figure is 9, and the median latency is 10.5 days across 297 issuers.", "title": "The disclosure read" }, { "id": "auditor", "text": "The auditor of record is PricewaterhouseCoopers LLP. The auditor's location is not on the record. The record holds no auditor changes.", "title": "Auditor" }, { "id": "events", "text": "The record holds no listing, delisting, name change, domicile change or segment move lines. The issuer is listed, not halted.", "title": "Events and halts" }, { "id": "orderability", "text": "For paragraph (o) of the definition, the signal is ACM-200 and the outcome is determinable. For paragraph (q) of the definition, the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/ca/kyp-know-your-product-ni-31-103/r1, with the chapter as of 2026-11-04.", "title": "Orderability" }, { "id": "coverage", "text": "The field has not been read.", "title": "Coverage" }, { "id": "open_research", "text": "The field has not been read.", "title": "Open research" }, { "id": "licensed", "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.", "title": "Licensed" }, { "id": "depth", "text": "The market's vintage is not sealed. The years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but not served as of a date, and the as-of answer is not_sealed. The live record began on 2026-09-10.", "title": "As-of depth" }, { "id": "sources", "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.", "title": "Sources" } ], "sources": [ { "for": "identity.exchange", "source": "https://www.tsx.com/json/company-directory/search/tsx/^*" }, { "for": "identity.isin", "source": "https://ng.investing.com/equities/shopify-inc" }, { "for": "identity.jurisdiction", "source": "https://api.gleif.org/api/v1/lei-records/549300HGQ43STJLLP808" }, { "for": "identity.sector", "source": "https://www.tsx.com/en/resource/571" }, { "for": "the disclosure lines", "source": "https://mcp.ca-cm-kg.ai/events/TSX/SHOP" }, { "for": "the halt flag", "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100" }, { "for": "the auditor", "source": "https://s27.q4cdn.com/572064924/files/doc_financials/2018/q4/bc6201b1-86cf-44d3-885b-d1f06ca597ce.pdf" }, { "for": "the orderability chapter", "source": "https://mcp.ca-cm-kg.ai/book/aio.json" }, { "for": "the record", "source": "https://mcp.ca-cm-kg.ai/record/TSX/SHOP" } ], "title": "Shopify Inc. (SHOP) — research page", "writer": { "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers", "engine": "claude-haiku-5-5" } }